I didn't have any business idea at the time, but I felt good when I had money so, I had been sitting on that $2500 for like a year - didn't even out it in a bank and I didn't know how to buy shares either.
So, my father had been running a business and he needs more money, so he had been loaned some money for his business with a 3% monthly interest. So he had been paying a 3% interest to his debtor.
He found out I had the $2500 saving so, he said he might as well pay off the $2500 of his loan to his debtor and instead borrow that $2500 agaun from his son (me) and give the 3% interest to me.
It seemed like a good idea for the monent as I am not yet familiar with buying shares.
Also, he's will to pay a compound interest if I don't cash out that 3% every month.
I also have an iPad Pro that I bought off a Credit Card and I'll be generating money using that iPad Pro. The investment on the iPad Pro won't be a passive because I would have to draw on it to sell my art.
What do you think guys?
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